Subex Ltd.

Subex, a leading global provider of Business Support Systems (BSS) for Communications Service Providers (CSPs), has concluded the transaction for sale of its activation business to Netcracker Technology Corporation. Earlier on September 20, 2011, the company had signed an asset purchase agreement with NetCracker for the sale of its Activation business.

Further, the Activation business that was being sold off consists of Service Fulfilment solution (NetProvisioning, NetOptimizer and Vector).

Subex is committed to its core business line and will continue to invest substantially in solutions and enhancements. The company recently won the Global Telecoms Innovation Award for 2011 for its ROC Fraud Management solution and has been leaders in the Business Optimization space for four consecutive years.

NetCracker is a leading Telecom OSS player and part of the $40 billion NEC group.